Leasing v buying?

BJV

motorguy wrote: »

And you've to tie up that capital for that time, then get half of it back if you're lucky come resale time in three years time :eek:

Completely agree, the optional finial payment is a safety net and no matter what line of business you are in the manufacture has more money than you and I so why not let them take the risk?


The residuals some companies put on their vehicles Merc for example means that I can not understand why anyone would not buy a car on pcp.

motorguy

BJV wrote: »

Completely agree, the optional finial payment is a safety net and no matter what line of business you are in the manufacture has more money than you and I so why not let them take the risk?


The residuals some companies put on their vehicles Merc for example means that I can not understand why anyone would not buy a car on pcp.

.. or the "manufacturer contributions" you can get to use the PCP deals.

motorguy

Just spotted this over on HUKD.

Brand new Nissan Pulsar TDI family sized car for £709.62 deposit, £118.27 a month for 23 months.

http://www.hotukdeals.com/deals/nissan-pulsar-diesel-hatchback-1-5-dci-visia-5dr-lease-709-62-deposit-23-months-2263776

Totals £3,423 / £142 a month for two years motoring.

Must be value for a family sized car.

BJV

Just typed into Google and this seems cheap even for Vauxhall https://www.nationwidevehiclecontracts.co.uk/Vauxhall_corsa-new-model-1-4-sri-60103.htm

zippy1973

I have just decided to go down the PCH route, taking out a 6+35 month contract and will see how it goes over the 3 years. My last 3 cars have been bought brand new and thinking what I have put in to them financially then lost in depreciation over 3 year periods, working out what I will be paying for the PCH with the car I am getting (something I would never really have looked at price wise), I think its a good deal for me.


I have even ended up selling my current car to the garage who offered me a decent price in my opinion, rather than having the hassle of selling private.


Have I done the right thing?, I suppose I will find out after 3 years!